Followers | 62 |
Posts | 9562 |
Boards Moderated | 0 |
Alias Born | 03/29/2015 |
Wednesday, April 24, 2024 5:45:52 PM
I am taking advantage of this extended buying opportunity to buy in bits and pieces without breaking the bank, deferring credit card payments or doing anything else that is foolish. I've been able to substantially increase my position and a couple of days ago I bought at about 50 cents and now its 47 cents. So what? If my investing thesis is right, I'll be way past that, not to begrudge 3 cents here or there. If my investing thesis is wrong, I should get out now (I don't think I'm wrong, not in the medium run, anyway).
The market (which appears to consist mainly of existing retailers) seems to pricing in the idea that approval is not happening in April 2024 and probably won't happen in May 2024 so there is no FOMO that is causing people to mortgage their houses, get payday loans, borrow money, sell other 'quality' stocks etc. to raise large amounts to buy.
We've just had way too many 'last chances to buy cheap' for anyone to get excited here.
So, in the absence of news, and with Captain Obvious' share counter continuing to go up as NWBO gets money to keep the lights on, why would the price stay stable?
Instead, the share price will slowly get pulled down by gravity and while it might be buffeted briefly upward, with the absence of news, the tendency is to settle towards the ground.
Now if we are still this price in late May or early June 2024, then that is time to start talking about manipulation or at least be concerned there's some hidden shoe yet to drop that smart money knows about, because by that time, FOMO should start kicking in.
Recent NWBO News
- Form NT 10-K - Notification of inability to timely file Form 10-K 405, 10-K, 10-KSB 405, 10-KSB, 10-KT, or 10-KT405 • Edgar (US Regulatory) • 03/01/2024 10:04:38 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 12/02/2023 01:31:35 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 11/16/2023 10:11:54 PM
- Epazz, Inc. (OTC Pink: EPAZ) ZenaDrone Demonstration to Defense Departments of UAE and Saudi Arabia • InvestorsHub NewsWire • 11/15/2023 12:19:31 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 11/09/2023 09:30:39 PM
- Epazz, Inc. (OTC Pink: EPAZ) US Navy Collaboration ZenaDrone 1000 • InvestorsHub NewsWire • 11/09/2023 01:00:34 PM
- Epazz, Inc. (OTC Pink: EPAZ) US Navy Collaboration ZenaDrone 1000 Extreme Weather Demo • InvestorsHub NewsWire • 11/07/2023 12:29:43 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 08/09/2023 08:36:14 PM
NanoViricides Reports that the Phase I NV-387 Clinical Trial is Completed Successfully and Data Lock is Expected Soon • NNVC • May 2, 2024 10:07 AM
ILUS Files Form 10-K and Provides Shareholder Update • ILUS • May 2, 2024 8:52 AM
Avant Technologies Names New CEO Following Acquisition of Healthcare Technology and Data Integration Firm • AVAI • May 2, 2024 8:00 AM
Bantec Engaged in a Letter of Intent to Acquire a Small New Jersey Based Manufacturing Company • BANT • May 1, 2024 10:00 AM
Cannabix Technologies to Deliver Breath Logix Alcohol Screening Device to Australia • BLO • Apr 30, 2024 8:53 AM
Hydromer, Inc. Reports Preliminary Unaudited Financial Results for First Quarter 2024 • HYDI • Apr 29, 2024 9:10 AM